CEF Priority Income Fund is moving forward with a new issue of term preferred shares.
The fund will use the proceeds of the new issue to redeem their PRIF-B 6.25% term preferred.
The press release from the company is here.
EarlyBird was early on this one.
Tim .. this is a mutual fund .Reit.. ?
Georges–they are a non publicly traded closed end fund. They hold CLO’s (collateralized loan obligations).